Copper Technical Analysis, Trade Signals and Price Forecast
24 Jun 2022
COPPER Technical Analysis: Weekly Chart
In the weekly charts, COPPER is trading in a downward channel.
It is trading below all SMAs: MA (20), MA (50), and MA (100).
RSI is in selling zone which indicates bearishness. MACD is currently trading below zero which indicates bearishness.
The immediate support is at 3.6300 and the resistance level is at 4.1600
COPPER is trading in a downward channel until there is a trend reversal.
COPPER Technical Analysis: Daily Chart
In the daily charts, COPPER is trading in a downward channel.
It is trading below all SMAs: MA (20), MA (50), and MA (100).
RSI is in oversold zone which indicates extreme bearishness. MACD is currently trading below zero which indicates bearishness.
The immediate support is at 3.6745 and the resistance level is at 3.8620
COPPER is trading in a downward channel until there is a trend reversal.
How to trade COPPER this week:
COPER is trading in a downward channel until there is a trend reversal and the following opportunity can be taken: